What to Do with Your Old 401(k)

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The world of personal finance and retirement planning can seem complicated at times, but when it comes to dealing with a 401(k) account from a previous employer, there are typically four options to consider.

If you’ve recently changed jobs or are looking to consolidate your retirement accounts, here’s an overview of your choices:

1. Roll the assets into your new employer's plan.

Pros Tip 1

2. Leave the money in your old employer's plan.

Pro tip 2

3. Roll the assets into an IRA.

Pro tip 3

4. Cash out the account.

Pro tip 4

If you have questions about what to do with an old 401(k), please reach out to me. Together we can discuss your options and determine what may be best for you. Email me at trent@grinkmeyerleonard.com.

Want to stay up-to-date about the latest financial news and economic events? Connect with me on Facebook @TagLivingLoud.

401(k), Retirement, retirement planning, saving

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